BAY NATIONAL BANK Failed 2010
What happened
BAY NATIONAL BANK of BALTIMORE, MD was closed on 2010-07-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BAY BANK, FSB (LUTHERVILLE, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3822
- FDIC Certificate
- 35462
- FDIC FIN
- 10255
- Bank name
- BAY NATIONAL BANK
- Location
- BALTIMORE, MD
- Failure date
- 2010-07-09
- FDIC resolution date
- 2010-07-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $21M
- Deposits at failure
- $213M
- Assets at failure
- $218M
- Acquiring bank
- BAY BANK, FSB (LUTHERVILLE, MD)
Other banks BAY BANK, FSB acquired in FDIC resolutions